4 ms·
There were several other mistakes there, but the most annoying to me was this hand-waving between correlation and causation. Sure, crypto boomed during a period
by spupe 4y ago
There were several other mistakes there, but the most annoying to me was this hand-waving between correlation and causation. Sure, crypto boomed during a period of intense QE. There were also unprecedented cash payments for everyone and a big supply shock. I think the author's analysis of the relationship between inflation and BTC was equally dumb, simply noticing an inverse correlation.
I'm totally not a crypto apologist btw, just pointing out inaccuracies.